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Can HealthEquity (HQY) Run Higher on Strong Earnings Estimate Revisions?

HealthEquity, Inc. HQY is a technology-enabled services platforms that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HQY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HealthEquity could be a solid choice for investors.

Current Quarter Estimates for HQY

In the past 30 days, four estimates have gone higher for HealthEquity while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 25 cents a share 30 days ago, to 28 cents today, a move of 12%.

Current Year Estimates for HQY

Meanwhile, HealthEquity’s current year figures are also looking quite promising, with nine estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 93 cents a share 30 days ago, to $1.02, an increase of 9.7%.

HealthEquity, Inc. Price and Consensus

HealthEquity, Inc. Price and Consensus | HealthEquity, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 15.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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HealthEquity, Inc. (HQY) : Free Stock Analysis Report
 
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